Bharatbook.com announces a new report on "Germany Tyre Market Forecast & Opportunities, 2018" which gives an in-depth analysis and forecast on the Tyre market in Germany.
Mumbai,Maharashtra, India., February 2, 2014 - (PressReleasePoint) - Bharat Book Bureau presents the new report, on 'Germany Tyre Market Forecast & Opportunities, 2018' Germany is the largest passenger car manufacturer in Europe and the fourth largest across the globe after China, US and Japan. The country is also the largest market for commercial vehicles in Europe. Every second person in Germany owns a passenger car and the country’s logistics industry is one of the largest in the world. This makes Germany one of the leading global markets for automobiles and components. Tyre market in Germany has been witnessing a fluctuating trend over the last few years as a result of economic slowdown, in particular, due to euro-zone crisis. Germany, being the most developed economy in Europe, was negatively affected by the crisis and effect was subsequently felt in automobile and the related markets as well. However, large size of logistics industry in Germany has been huge supporting force for the commercial vehicles and tyres markets.
According to “Germany Tyre Market Forecast & Opportunities, 2018”, the tyre market in Germany, in volume terms, is expected to witnessed resurgence by early 2014 and grow at a CAGR of around 4% during 2013-18. The German’s tyre market is dominated by various leading global players such as Groupe Michelin, Bridgestone Germany GmbH, Continental AG, Goodyear Dunlop Tires Germany GmbH, Pirelli & C. S.p.A. and Nokian Tyres, Inc. In the passenger car tyres segment, the winter tyres are gaining popularity in Germany due to new government regulation for mandatory usage of winter tyres on all axles of cars in snowy weather conditions. As a result, winter tyres are expected to be an important sales generating segment in the tyre market over the next five years. “Germany Tyre Market Forecast & Opportunities, 2018” discusses the following aspects of tyre market in Germany:
• Germany Tyres Market Size, Share & Forecast
• Segmental Analysis – Passenger Car Tyre, Two Wheeler Tyre, Commercial Tyre & OTR Tyre
• Changing Market Dynamics & Emerging Opportunities
• Competitive Landscape & Strategic Recommendations
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